David J. Lamb
About David J. Lamb
David J. Lamb serves as Chief Administrative Officer (Principal Executive Officer) of Nuveen Municipal Income Fund, Inc. (NMI). He has held this officer role within the Nuveen closed‑end funds complex since 2015 and was born in 1963; his current Nuveen titles include Senior Managing Director at Nuveen Fund Advisors, LLC, Nuveen Securities, LLC, and Nuveen . Officer compensation is not paid by the funds; officers serve without compensation from the funds, and the Adviser (Nuveen) pays officer compensation (the funds reimburse an allocable portion of the CCO’s incentive compensation) . Performance metrics such as TSR, revenue, or EBITDA growth for the fund are not disclosed in these proxy statements.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Fund Advisors, LLC | Managing Director | Since 2019 | Senior leadership across fund advisory operations |
| Nuveen Securities, LLC | Senior Managing Director; formerly Managing Director | Senior Managing Director since 2021; Managing Director 2020–2021 | Senior leadership within distribution/broker-dealer affiliate |
| Nuveen | Senior Managing Director; formerly Managing Director; formerly Senior Vice President | Senior Managing Director since 2021; Managing Director 2017–2021; Senior Vice President 2006–2017 | Progressively senior roles overseeing fund administration and related functions |
External Roles
- Not disclosed in NMI proxy filings reviewed .
Fixed Compensation
| Component | Amount/Structure | Notes |
|---|---|---|
| Officer compensation paid by the funds | $0 | Officers serve without any compensation from the funds |
| Employer paying officer compensation | Nuveen (Adviser) | CCO compensation is paid by the Adviser; funds reimburse an allocable portion of CCO incentive comp (illustrative of officer comp framework) |
Performance Compensation
- Not disclosed for officers of NMI. Officers receive no compensation from the funds; compensation elements (if any) would be paid by the Adviser and are not detailed in the fund proxy .
Equity Ownership & Alignment
| Metric | Value | Notes |
|---|---|---|
| Board Members and Officers (group) NMI shares held as of May 31, 2025 | 0 | Group holdings in Municipal Income were zero |
| NMI common shares outstanding (as of June 20, 2025) | 10,290,126 | Shares outstanding on record date |
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Board members and executive officers as a group beneficially owned less than 1% of the outstanding shares of each fund in the complex (including NMI) as of May 31, 2025 .
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Stock ownership guidelines, pledging, hedging policies, and David J. Lamb’s individual beneficial ownership (vested/unvested) are not disclosed in these proxies .
Employment Terms
| Field | Detail |
|---|---|
| Position | Chief Administrative Officer (Principal Executive Officer) |
| Term | Indefinite; officers elected annually by the Board |
| Length of Service in officer role | Since 2015 |
| Current Nuveen roles | Senior Managing Director (Nuveen Fund Advisors, LLC; Nuveen Securities, LLC; Nuveen) |
| Year of Birth | 1963 |
| Location | 333 West Wacker Drive, Chicago, IL 60606 |
Risk Indicators & Red Flags
- Late Section 16(a) filing: The 2024 proxy notes David Lamb filed a late Form 4 with respect to the Credit Income Fund, indicating a prior reporting lapse .
- Subsequent compliance: The 2025 proxy states officers and Board Members complied with applicable Section 16(a) filing requirements during the last fiscal year .
Compensation Structure vs Performance Metrics
- Pay-for-performance link not assessable from fund proxies: Officer compensation is not paid by the funds and is not detailed; no fund-level officer performance metrics (e.g., TSR percentile, revenue growth, EBITDA growth, ESG goals) are disclosed in these proxy statements .
Vesting Schedules and Insider Selling Pressure
- Equity award vesting schedules and option details for David J. Lamb are not disclosed in NMI proxies; no individual insider selling data is provided here .
- Note: The late Form 4 in 2024 signals prior transaction reporting but lacks specifics on share amounts or timing in these documents .
Equity Ownership Alignment and Pledging
- Individual pledging or hedging by David J. Lamb is not disclosed; group ownership in NMI was zero as of May 31, 2025 .
- Board governance principle mandates Board Members invest at least one year of compensation in funds in the complex; this principle does not explicitly extend to officers in the filings reviewed .
Employment Contracts, Severance, Change-of-Control
- Not disclosed for officers in NMI proxies reviewed; no severance multiples, triggers, or change‑of‑control provisions for David J. Lamb are provided .
Performance & Track Record
- Officer achievements and fund performance outcomes attributed to David J. Lamb are not discussed in NMI proxies; fund operating metrics and TSR are not presented in these proxies .
Compensation Committee Analysis
- Not applicable to David J. Lamb (officer); Board committee structures are described for independent Board Members across the fund complex but do not include officer compensation decisions in these filings .
Investment Implications
- Alignment: With officers receiving no compensation from the funds and group NMI holdings at zero as of May 31, 2025, direct alignment via fund equity appears limited based on proxy disclosures .
- Governance/Compliance: A late Form 4 in 2024 raises a modest compliance flag, partially offset by full Section 16(a) compliance reported in 2025; continued monitoring of insider filings is prudent .
- Data gaps: Lack of disclosed officer compensation details, equity awards, or vesting schedules from the funds inhibits a robust pay‑for‑performance assessment; any such analysis would require Adviser‑level disclosures not included in these proxies .